Thrivent Financial for Lutherans Decreases Stock Holdings in Foot Locker, Inc. (NYSE:FL)

Thrivent Financial for Lutherans cut its stake in shares of Foot Locker, Inc. (NYSE:FL) by 5.2% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 64,872 shares of the athletic footwear retailer’s stock after selling 3,535 shares during the period. Thrivent Financial for Lutherans owned about 0.07% of Foot Locker worth $1,676,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in FL. Patriot Financial Group Insurance Agency LLC raised its position in shares of Foot Locker by 3.1% during the 2nd quarter. Patriot Financial Group Insurance Agency LLC now owns 14,235 shares of the athletic footwear retailer’s stock worth $355,000 after purchasing an additional 431 shares during the last quarter. Nisa Investment Advisors LLC raised its holdings in shares of Foot Locker by 1.2% during the second quarter. Nisa Investment Advisors LLC now owns 41,541 shares of the athletic footwear retailer’s stock valued at $1,035,000 after acquiring an additional 483 shares during the last quarter. Arizona State Retirement System lifted its position in shares of Foot Locker by 2.2% in the second quarter. Arizona State Retirement System now owns 23,808 shares of the athletic footwear retailer’s stock valued at $593,000 after acquiring an additional 518 shares in the last quarter. SummerHaven Investment Management LLC increased its position in shares of Foot Locker by 2.5% during the second quarter. SummerHaven Investment Management LLC now owns 27,671 shares of the athletic footwear retailer’s stock worth $690,000 after purchasing an additional 667 shares in the last quarter. Finally, Fifth Third Bancorp raised its stake in Foot Locker by 116.0% in the 2nd quarter. Fifth Third Bancorp now owns 1,365 shares of the athletic footwear retailer’s stock valued at $34,000 after purchasing an additional 733 shares during the last quarter.

Foot Locker Stock Down 0.6 %

Shares of NYSE:FL opened at $25.15 on Friday. The company has a market capitalization of $2.39 billion, a price-to-earnings ratio of -6.50, a PEG ratio of 0.75 and a beta of 1.44. Foot Locker, Inc. has a 12-month low of $20.47 and a 12-month high of $35.60. The business has a 50-day moving average price of $24.32 and a 200 day moving average price of $25.77. The company has a current ratio of 1.66, a quick ratio of 0.49 and a debt-to-equity ratio of 0.15.

Foot Locker (NYSE:FL) last announced its quarterly earnings results on Wednesday, August 28th. The athletic footwear retailer reported ($0.05) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.03. The business had revenue of $1.90 billion during the quarter, compared to analysts’ expectations of $1.88 billion. Foot Locker had a negative net margin of 4.48% and a positive return on equity of 2.73%. Sell-side analysts expect that Foot Locker, Inc. will post 1.48 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Williams Trading raised shares of Foot Locker from a “sell” rating to a “hold” rating and lifted their target price for the stock from $17.00 to $21.00 in a research note on Wednesday. Telsey Advisory Group restated a “market perform” rating and set a $27.00 price target on shares of Foot Locker in a research report on Wednesday, August 28th. Piper Sandler reiterated a “neutral” rating and issued a $30.00 price objective on shares of Foot Locker in a report on Friday, August 23rd. Citigroup boosted their target price on Foot Locker from $27.00 to $33.00 and gave the stock a “neutral” rating in a report on Tuesday, August 20th. Finally, Evercore ISI cut their price target on Foot Locker from $38.00 to $32.00 and set an “outperform” rating for the company in a report on Tuesday. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $26.56.

Foot Locker Company Profile

Foot Locker, Inc, through its subsidiaries, operates as a footwear and apparel retailer in North America, Europe, Australia, New Zealand, Asia, and the Middle East. Its brand portfolio includes Foot Locker, a brand comprising sneakers and apparel; Kids Foot Locker, which offers athletic footwear, apparel, and accessories for children; and Champs Sports that operates as a mall-based specialty athletic footwear and apparel retailer.